Are gambling sites first converting stable coins to bitcoin before huge withdraw

[Ivystar5]

It only takes more time if they don't have the BTC needed and need to buy in the market. If the casino has enough BTC to pay you of course they will

But I doubt you can withdraw so much BTC that a casino will have empty wallets. Unless you are Drake betting a big volume like $5 million on one game the casino will probably have enough to pay you on a hot wallet

I like the example you used, except you are drake!!

However the amounts you want to withdraw is probably in the wallet of each casino ready to pay but will take them a lot of time to confirm whatever it takes them to confirm that you won the amount and do other expected stuffs, or if it's so huge they probably have a little head up meeting before paying out the amount.

[robelneo]

I am thinking they will be processed almost the same time until I read that post.

Probably right, but they need a reserve to avoid delaying the withdrawal. Stablecoins are safe haven coins in case the market is bloody red. They also monitor the market and ensure their reserves do not lose value, using stablecoins to mitigate these losses.
Casinos are platforms where asset movement is fast, so it's understandable if there is a slight delay in withdrawals. Of course, there are casinos that offer instant withdrawals.
Every casino has its own way to mitigate losses without losing the trust of its users.

[programmer3666]

some of this gambling sites don’t convert stablecoins to Bitcoin before withdrawals. they just proceed to pay you in whatever you withdraw!! USDT, USDC, BTC or any of the coin they have as payment on their platform. the speed mostly depends on their internal risk checks not the coin type. Large withdrawals linda take longer because the site wants to verify the win, check for fraud or make sure they have enough liquidity ready. sometimes stablecoin withdrawals feel faster because they don’t worry about price volatility but in general both BTC and stablecoins go through the same review process

[Patikno]

This posts make me to ask this question:

What I think is they keep fewer coins right now to avoid further losses; they can immediately buy BTC or any unstable coin if their customers decide to withdraw big winning amounts.
That's why I think the reason why there's no instant withdrawal if you withdraw a large amount except to a stablecoin.

On gambling sites, if you withdraw stable coins and unstable coins but the money withdrawn is huge, will stable coin be processed faster than bitcoin?

I am thinking they will be processed almost the same time until I read that post.

I don't think the casino will have any issues with user withdrawals, as long as the casino has ample liquidity to handle any large withdrawals its users might make. So, the casino can exchange any type of crypto asset they need. Furthermore, I believe a well-known casino with a large customer base should have substantial financial resources, as should its revenue. Therefore, I don't think a well-known casino will have any issues with user withdrawals, as the OP said. Besides that, I think network congestion problem is also one of the causes. Additionally, I suspect the casino might be conducting further inspections on large withdrawal, so they requiring more time to process it. Cmiiw.

[Potato Chips]

On gambling sites, if you withdraw stable coins and unstable coins but the money withdrawn is huge, will stable coin be processed faster than bitcoin?

I am thinking they will be processed almost the same time until I read that post.

Platforms usually have a hot wallet to cover withdrawals for day-to-day operations. Unless it's not enough, in which case, the platform could pull out funds from their cold wallet. But perhaps much smaller gamba platforms may not have as much liq, thus they could resort to exchanges, or pay you in installments.

With bigger amounts though. I would also expect some background checks from the gamba platform in question which could delay the withdrawal.

[Webetcoins]

I want to believe to protect themselves from volatility or total lose of value of their coins.. most of these casino's do actually convert non stable coins to stable coins so that they don't lose money when it comes to conversations.. and if you ask me it's a valid approach to managing Money 💰

Each casinos I see, only supports solid cryptos. So as long as they don't sell at a loss but just continue hodling like a normal long-term investor, then there is no problem with these bears or high volatility in the price of the cryptos. Now if we add the context of 'huge withdrawals', I think Bitcoin works better here, but in terms of stable coins or regular money, they are usually being questioned first, so there is a major delay.

[nakamura12]

This depends on the gambler. Not all gamblers will withdraw in Bitcoin once the gambler have won or wanted to stop for now. To tell you honestly, I didn't just use Bitcoin to deposit and also withdraw but there was a time where I have to use Bitcoin to withdraw but it's not tha the casino doesn't have Bitcoin funds to pay their gamblers since there are other gamblers who deposited Bitcoin. If I am not wrong is that they will disabled the Bitcoin withdrawal if even they ran out of bitcoin funds.

[EluguHcman]

This depends on the gambler. Not all gamblers will withdraw in Bitcoin once the gambler have won or wanted to stop for now. To tell you honestly, I didn't just use Bitcoin to deposit and also withdraw but there was a time where I have to use Bitcoin to withdraw but it's not tha the casino doesn't have Bitcoin funds to pay their gamblers since there are other gamblers who deposited Bitcoin. If I am not wrong is that they will disabled the Bitcoin withdrawal if even they ran out of bitcoin funds.

OP and the rest may also have to understand that the Crypto Casinos does not support exchange where funds can be converted right in the platform So, whatever coin whether Bitcoin or stable coins you deposits and stakes with is the same fund you are going to withdraw.
There is also no way you will Play with Bitcoin and expect to withdraw stable coins or versa.